eReceipts Raises £450K Funding

eReceipts, a UK-based provider of a solution to manage, store and retrieve receipts for proof of purchase and business expense purposes, has raised £450k in funding.

The investment was made by Envestors Limited, the wholly owned subsidiary of Braveheart (AIM: BRH), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices.

The company intends to use the funding to focus upon building the business.

Led by CEO Andrew Carroll, eReceipts has developed a solution to create and collect digital receipts from retailers’ EPOS (electronic point of sale) systems, payment gateways and individuals’ mobile devices. These receipts are then sent and stored in an individual’s web account that can be accessed via a login and password. The company recently partnered with IBM Retail.

The company’s board is chaired by Lord Ian MacLaurin, former CCEO of Tesco and former Chairman of Tesco and Vodafone.